Peugeot 508 Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Peugeot 508 cars have gone through a strong rise during the last 6 months. The average price in December was £39,630. This price hardly went through any changes and remained at £39,081 during January. The following two months (February, March) the selling price went through a devaluation of -12 percent in the average selling price compared to the previous two months analyzed. The average price has had spectacular rise of 426 % with an average price of £36,959.5 during the previous 4 months and £194,461 during the most recent months in April and May.
The average price for Peugeot 508 has had a strong rise in recent years. Between 2011 and 2018, the average price is £10,063.75. There was a significant inflation of the average price in 2011 (£5,239) moving up till (£17,663)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 118 %. During the last two years, prices in the car industry have gone up 10 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (£24,343) and the the last two years that were studied (2021, 2022) with a price of £26,766.5.
The graph that displays the price for Peugeot 508 cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 99 % more affordable than the average price (£358,655). Next with a price of £6,855 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 0% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at £22,430.
The graph showing the average price for the fuel type for Peugeot 508 cars points out to "Hybrid" as being the cheapest fuel type. It is 92 % less expensive than the average market price (£358,655) followed by "Petrol" priced at £42,789. On average the cheapest type of fuel is "Diesel". It´s price is 34 % more affordable than the average market value followed by "Petrol" with a price of £42,789.
The graph displaying the average price for vehicles with doors shows that Peugeot 508 automobiles with the cheapest price have 4 doors. They are 98 % cheaper than the average price for this model priced at £6,984. Cars with the lowest price have 5 doors and are 93 % cheaper than the average previously displayed.